(THE NEWSMAN OF INDIA.COM)
In an effort to make macroeconomic and financial data more accessible and user-friendly, the Reserve Bank of India (RBI) has launched its new mobile application, RBIDATA. This app offers comprehensive economic statistics in a visually engaging format, catering to the needs of researchers, students, and the general public alike. With access to over 11,000 different data series, users can explore a vast array of economic data relating to the Indian economy. The app provides time series data that can be viewed in graphs and charts, allowing for easy analysis. Additionally, users can download the data for offline analysis. The app is packed with features that make navigating economic data effortless. Each dataset is accompanied by essential information, such as the data source, unit of measurement, frequency, and any recent updates. To help users better understand the visual representations, additional notes are provided alongside the graphs and charts. Among its standout features is the ‘Popular Reports’ section, which highlights frequently viewed data sets, and the ‘Search’ option, enabling users to access data directly from the home screen, eliminating the need to sift through multiple sections. For those seeking local banking services, the app also includes a ‘Banking Outlet’ feature, helping users locate banking facilities within 20 kilometers of their location. Furthermore, the app offers a link to data about SAARC countries under the ‘SAARC Finance’ section, providing a regional perspective. The app provides quick access to the Database on the Indian Economy (DBIE), a valuable resource for anyone interested in detailed economic statistics. RBIDATA is available for download on both iOS and Android devices (version 12 and above), making it widely accessible to users across platforms. Moreover, the app encourages user feedback, allowing the RBI to enhance its functionality over time. This new initiative by the Reserve Bank of India aims to empower users with quick, reliable, and visually accessible economic data, fostering deeper insights into India’s economy.